- Two whales moved 3,422 BTC after years of inactivity.
- Transactions totaled $324.2 million.
- Market was unaffected despite speculative discussions.
Two long-dormant Bitcoin whales moved 3,422 BTC valued at $324.2 million within the past three hours, marking a significant on-chain activity.
Industry experts see whale moves as potential catalysts for Bitcoin price volatility.
Two Bitcoin whales activated after being dormant, moving a substantial amount of BTC. Wallet “1NWPS” transferred 2,343 BTC, and another whale moved 1,079 BTC.
These wallets, associated with early Bitcoin miners, initiated transactions dating back to the Satoshi era. No individual, organizational, or exchange affiliation was identified for these wallets.
Bitcoin’s market sees minor psychological impact, primarily driven by speculation, while price remained stable around $94,000 to $95,000.
In the past 3 hours, two Satoshi-era whales, who had been inactive since 2014, transferred 3,422 $BTC ($325M) to new wallets…” — Spot On Chain
The transactions highlighted increasing interest in Bitcoin whale activities. Experts like Raoul Pal suggest a potential bull phase driven by liquidity dynamics.
Long-term price volatility is observed historically with similar reactivated wallets. Future moves could invite renewed market attention, potential price impacts, and regulatory scrutiny.
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